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1. Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....

2. Nutella unveils first new flavor in 60 years, but there's a catch

For the first time in its 60-year history, Nutella is mixing things up, literally. The beloved chocolate-hazelnut spread is getting a new twist: Peanut Nutella....

3. COSMOS Insurance organizes a voluntary blood donation in Larnaca.

As part of its commitment to social responsibility and ongoing contribution to society, COSMOS Insurance is organizing a voluntary blood donation in collaboration with the Larnaca Blood Donation Center...

4. UK firm to conduct accreditation inspection at Ercan Airport

In a televised interview, it was stated that international accreditation procedures for the illegal Ercan (Tymbou) airport are expected to proceed after the Muslim holiday of Eid al-Adha....

5. Paphos municipality wins long-running legal battle over Ibrahim’s Khan project

After nearly a decade in the courts, the Paphos District Court has thrown out a lawsuit filed against the Paphos Municipality by a former tenant of a Turkish Cypriot-owned property....

6. Kremlin's security shattered as Ukraine targets Russian heartland

A series of Ukrainian drone strikes deep inside Russian territory over the weekend has exposed vulnerabilities in Moscow’s military defenses and dealt a symbolic and strategic blow to the Kremlin’s confidence, just ahead of peace talks in Istanbul....

7. EY announces the appointment of 4 new partners in Cyprus

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...

8. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

9. ''They swore at me'': Cypriot MEP says colleague's furious over salary reveal (video)

“F* you! Did you reveal it?” That’s what Cypriot MEP Fidias Panayiotou says some of his colleagues shouted at him, furious that he posted a video exposing the true extent of what Members of the European Parliament earn....

10. Phedon Phedonos sounds the alarm: Drugs in schools, fake degrees on the rise

In a fiery new round of revelations, Paphos Mayor Phaidonas Faidonos has raised the alarm over what he says is rampant drug trafficking in Cyprus’ schools and an emerging academic scandal he calls the new ''Golden Degrees.''...

11. Freedom Holding Corp. added to the prestigious Russell 3000® Index

Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....

12. Ukraine destroys 40+ Russian warplanes in deep strike ahead of peace talks (VIDEO)

A Ukrainian drone strike destroyed more than 40 Russian military aircraft deep within Russian territory, a Ukrainian security official told The Associated Press on Sunday, marking one of Kyiv’s most audacious attacks since the war began....

13. Piano tour returns with recital at the Rock of Aphrodite

The Avantgarde Cultural Foundation is launching this year’s edition of The Piano Tour with a recital at one of Cyprus’s most storied locations....

14. Cyprus welcomes first two H145M helicopters to boost national guard

Cyprus took a big step forward in modernizing its defense capabilities with the official arrival of the first two H145M helicopters at the “Andreas Papandreou” Air Base in Paphos on Wednesday....

15. Over 60,000 work permits issued to foreign talent in Cyprus since 2014

Cyprus has issued more than 60,000 residence and work permits to foreign nationals over the past decade as part of a push to attract tech talent and investment, according to figures released by Interior Minister Constantinos Ioannou....

16. Tensions erupt over Abramovich case allegations at Parliamentary Committee

Allegations of high-level political interference surrounding a multimillion-euro VAT debt linked to Russian billionaire Roman Abramovich escalated Thursday in Cyprus’ Parliament, with tensions erupting between lawmakers and investigative journalist Makarios Drousiotis....

17. What’s really going on here?

Members of the press enjoy certain privileges. At the same time, they bear real responsibilities....

18. Interior Minister proposes cutting deputy mayors, cites need for local government reform

Interior Minister Konstantinos Ioannou said the government is considering proposals to reduce the number of Deputy Mayors across Cyprus, calling the current figure of 93 “excessive.”...

19. Freedom24 hits 100K users in Greece, driven by digital-savvy investors

20. Paphos Mayor accuses police of breach and political cover-up

Paphos Mayor Phedonas Phedonos has launched a scathing attack on the chief of police, accusing him of breaking a promise, compromising his safety, and politicizing law enforcement, all while raising the alarm on alleged money laundering in Cyprus by Latin American drug cartels....

21. Cyprus launches voluntary return plan for Syrians ready to return home

The Cypriot government on Thursday rolled out a new voluntary repatriation plan for Syrian families who wish to return home, as the country begins to rebuild in the wake of a long civil war....

22. Abramovich’s €25 million VAT written off after ex-President's call

A growing scandal over Cyprus’ handling of VAT debts tied to Russian billionaire Roman Abramovich has taken a sharp new turn, this time with a bombshell allegation involving former President Nicos Anastasiades....

23. Cyprus, caught in drug cartel crossfire, says Paphos Mayor

Paphos Mayor Phedonas Phedonos has made explosive claims that Cyprus is now part of an international money laundering network used by Latin American drug cartels....

24. India turns its gaze to Cyprus as gateway to Europe and the Middle East

Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....

25. China’s BYD rolls into Cyprus with big EV plans

Chinese electric vehicle giant BYD is officially driving into the Cypriot market, and it’s coming in full throttle....

26. Honda reports more than 1,300 monthly appointments for Takata airbag replacements

Galatariotis Motors and Honda Cyprus announced that the nationwide airbag replacement campaign for vehicles affected by the Takata recall is continuing at a steady pace, with more than 1,300 appointments being processed each month at authorized service centers across the country....

27. Global VC investment rises in Q1’25 on back of record-setting $40 billion Open AI deal, according to KPMG’s Venture Pulse

Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....

28. The LIFE Pharma Detox System Offers Solutions to Pharmaceutical Pollution

Medochemie is taking a leading role in addressing one of the most pressing environmental challenges currently faced by the pharmaceutical industry: the management and reduction of pharmaceutical pollution....

29. May Newsletter of K. Treppides & Co Ltd – 23/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

30. May Newsletter of K. Treppides & Co Ltd – 16/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....